December Jobs Report: Three Big Takeaways For The US Economy
December saw a healthy 292,000 jobs added to payrolls, but wage gains were muted, and many of the new jobs could be seasonal.
December Jobs Report: US Employers Added 292,000 Positions, Unemployment Rate Steady At 5 Percent
The economy added 292,000 jobs in December — finishing 2015 with 2.7 million for the year, which is lower than last year’s total of 3.1 million — as wages remain subdued and unemployment holds steady at 5 percent.
Global Market Shock: How China’s Currency Woes Are Hammering Investors Around The World
China’s central bank let the yuan slide against the dollar Thursday, ratcheting up economic fears and sending world markets tumbling.
Fed Minutes Show Historic Rate Hike Decision Was A ‘Close Call’
The U.S. Federal Reserve raised interest rates last month even as some officials were unsure about the move.
JPMorgan Misled Private Banking Customers Over Broker Pay, SEC Says
The bank settled Wednesday with the U.S. Securities and Exchange Commission as watchdog agencies increasingly scrutinize compensation arrangements.
What Is Shadow Banking? Risky Sector At Center Of Sanders-Clinton Debates
An obscure segment of the financial industry that helped cripple the global economy in 2008 divides rivals Hillary Clinton and Bernie Sanders.
The Revolt: How The Jewish Extremist Group Behind Duma Arson Attacks Was Born
The indictment of the Jewish extremists allegedly behind the arson that killed three Palestinians in July exposes Israel's most radical movement.
Italian Authorities Launch Investigation After Five Pregnant Women Die In One Week
Italian authorities are looking into the deaths of five pregnant women in a country where maternal deaths are rare.
Explosions, Attacks Reported At Indian Consulate In Afghanistan
“We are being attacked,” an Indian official says at a diplomatic office in Mazar-i-Sharif.
New ISIS Video Shows Execution Of Five Alleged British 'Spies'
A video reportedly released by the militant group Sunday appears to show the execution of five men supposed to be British spies.
Iran Promises Cautious Entrance To Oil Market After Sanctions Expire
Iran will take care to avoid further depressing slumping oil prices when sanctions lift, one of the country’s top energy officials says.
Violence In Israel Continues With Shooting At West Bank Holy Site
The shooting occurred as the Israeli army conducted a training mission near the Cave of the Patriarchs.
Sri Lankan President Maithripala Sirisena Promises Land To Civil War Victims
The president of Sri Lanka pledged to provide land for war victims currently housed in refugee camps.
Dow Jones Industrial Average Sputters As Markets Close Out Choppy 2015
A tumultuous 2015 ended with major indexes mostly flat amid a big drop for oil prices. Netflix and Google won big, while shares of Chipotle and Apple soured.
US Economy In 2016: Here Are 3 Important Trends To Watch
Factors ranging from the health of the job market to corporate capital allocation patterns will determine the financial course of 2016.
Is This How Wall Street Cleans Up Its Act? Badly Behaved Banker List Raises Concerns
Regulators and bank executives want better tracking of financial industry transgressions. But their plan raises questions of implementation and abuse.
Gas Prices Dropping Below $2 A Gallon Could Give Retail Sales A Year-End Boost
Unseasonably warm weather in the U.S. has weighed heavily on retailers. But dropping gas prices could provide a needed boost for American businesses.
Dow Jones Industrial Average Plunges 367 Amid Oil Rout As Stocks Close A Tumultuous Week
The Dow Jones Industrial Average fell 367 points Friday, capping a week marked by continued declines in oil after the Fed's historic rate hike.
JPMorgan Settles For $307 Million Over Failure To Disclose Conflicts Of Interest
Regulators say the bank steered its wealth management clients to in-house products without disclosing conflicts of interest.
Pharma CEO Martin Shkreli Set To Be Replaced As CEO Of Turing Pharmaceuticals: Report
The controversial CEO, known for raising the price of a drug by 5,000 percent, has resigned, the pharmaceutical company said. Ron Tilles will step in as interim CEO.
JPMorgan Expected To Pay Financial Regulators $200 Million Over Client Steering Allegations
The financial firm is expected to settle over allegations that it steered clients to in-house products without making proper disclosures, Reuters reported.
Pharma CEO Martin Shkreli Accused Of A 'Securities And Wire Fraud Trifecta Of Lies, Deceit And Greed'
Martin Shkreli was arrested Thursday on securities and wire fraud charges, and later released on a $5 million bond.
International Monetary Fund Head Christine Lagarde Ordered To Stand Trial In French Finance Scandal
A French court ordered Christine Lagarde to stand trial over a bank scandal from her days as finance minister. Her lawyer calls it "incomprehensible."
Avon Deal: Private Equity Giant Cerberus To Buy 80 Percent Stake In North American Business
Private equity giant Cerberus has purchased an 80 percent stake in Avon North America, along with a $435 million investment in Avon's parent company.
After The Fed's Historic Rate Hike: Yellen Charts A Cautiously Positive Path Ahead
The Fed's decision Wednesday to raise the benchmark interest rate reflects how much the country has healed since the Great Recession.
Fed Rate Hike: US Central Bank Tightens Monetary Policy For The First Time In More Than Nine Years
After the U.S. benchmark rate rose Wednesday for the first time in nine years, financial analysts expect further increases in 2016.
Bank Lobby Disappointed That Budget Bill Doesn't Block Investor Protection Rule
Congress' year-end spending deal does not block the Labor Department's fiduciary rule, which is an attempt to protect retirement savers from loss.
Fed Rate Hike: As Yellen Mulls Liftoff, High-Profile Critics Say It's Too Soon
Prominent economists like Larry Summers and Austan Goolsbee took to the airwaves Tuesday to speak against the widely expected increase.
Fed Rate Hike: Four Dire Predictions About Zero-Interest-Rate Policy -- And How They Fared
Economists said the U.S. central bank's monetary easing would generate runaway inflation and financial bubbles. They were wrong.
With Dow-DuPont Talks Underway, The Agriculture-Chemical Sector Is Ripe For More Deals
With two of America's largest and oldest agriculture-chemical companies reportedly considering a merger, more tie-ups could be in the offing.